Insurance Archive

Wells Fargo & Co. announced it is exiting the personal insurance business and will immediately begin winding down its marketing. The company said the exit process should be completed during the first quarter of 2018. Until that time, it will continue to make available and service its personal insurance products. Wells Fargo has offered auto,

UnitedHealth, the largest U.S. health insurer, reported a stronger-than-expected quarterly profit and raised its full-year earnings forecast, helped by strength in its pharmacy benefit management business. UnitedHealth, the bellwether for the industry, is the first health insurer to report earnings a week after U.S. President Donald Trump decided to cut off subsidies to health insurance companies for

Insurers stake their businesses on their ability to accurately price risk when writing policies. Many data points go into calculating the premium for a home or auto policy, but a key factor is location, whether it’s due to the area’s vehicle density or crime statistics or distance of homes from a coastline. Insurers pay close

By taking action to kill the cost sharing reduction (CSR) subsidies of the Affordable Care Act last week Trump claims that he has stopped what he has called an “insurance company bailout.” But is that what he has actually done? Or, has he created what’s known in Washington parlance as an unfunded mandate? And who

Wineries damaged by wildfires tearing through Northern California are starting insurance claims, and at least some of the smaller vintners are likely to find limits in their policies mean payouts fall short of rebuilding costs. Gaps in coverage and a spike in rebuilding costs, typical after a disaster, may come as a shock to many